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  • Groups - Cons SOFP

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    Vidhi
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    P Ltd has a 60% controlling stake in S Ltd. The consolidated statement of financial position for P Group as of June 30, 20X8 shows total assets of $40,789 consisting of non-current assets such as property, plant, equipment, goodwill, and current assets. Total equity includes share capital, share premium, retained earnings, and non-controlling interests. Non-current liabilities include deferred consideration and current liabilities total $5,800.

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    Groups_Cons SOFP

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    P Ltd has a 60% controlling stake in S Ltd. The consolidated statement of financial position for P Group as of June 30, 20X8 shows total assets of $40,789 consisting of non-current assets such as property, plant, equipment, goodwill, and current assets. Total equity includes share capital, share premium, retained earnings, and non-controlling interests. Non-current liabilities include deferred consideration and current liabilities total $5,800.

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    11 views11 pages

    Groups - Cons SOFP

    Uploaded by

    Vidhi
    P Ltd has a 60% controlling stake in S Ltd. The consolidated statement of financial position for P Group as of June 30, 20X8 shows total assets of $40,789 consisting of non-current assets such as property, plant, equipment, goodwill, and current assets. Total equity includes share capital, share premium, retained earnings, and non-controlling interests. Non-current liabilities include deferred consideration and current liabilities total $5,800.

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    © All Rights Reserved
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    of 11

    W1 Group Structure P Group - Consolidated SOFP for th

    P Ltd' Non current assets


    Non current assets
    S Ltd 100% 31 December 20X4 Investments
    Goodwill
    Reporting Date 31 December 20X4
    Current assets
    W2 Goodwill Current assets
    Purchase consideration 50
    Add: value of NCI 0
    Total 50 Equity
    Share capital
    Less; Net assets of the sub Retained earnings
    Share capital 40
    retained earnings 10 Non current liabilty
    50
    Goodwill 0 Current liabilty

    W3 Group Retained earnings


    P Ltd 30
    S Ltd 0
    30

    W4 NCI Nil
    dated SOFP for the year ended 31 Dec 20X4

    110
    0
    0

    80
    190

    100
    30

    60
    190
    W1 Group Structure

    Dickens Ltd

    Jones Ltd (80%) 1 Jan 20X8

    Rep date 31 Dec 20X8

    W2 Goodwill
    Purchase consideration 60,000
    NCI 12,500
    Total A 72,500

    Less: Fair value of net assets on DOA


    Share capital 20,000
    Share premium 10,000
    Retained earnings 20,000
    50,000
    Goodwill 22,500

    W3 Group Retained earnings


    Dickens Ltd 70,000
    Jones RE (80% of $5,000) 4000
    74,000

    W4 NCI
    Value 12,500
    Jones RE (20% of $5,000) 1000
    13,500
    Dicken Group - Consolidated SOFP 31 Dec 20X8
    Non current assets
    Prop plant and equip 103000
    Investment' 0
    Goodwill 22,500

    Current assets
    Current assets 244000

    369500
    Equity
    Share cap 65000
    Share prem 35000
    Ret earnings 74,000
    NCI 13,500

    Non current liablity 0

    Current liablity 182000


    369500
    W1 Group Structures

    P Ltd

    S Ltd (60%) 1 July 20X7

    DOR 30 June 20X8

    W2 Goodwill
    Purchase cosnideration
    - Cash 5,000
    - Shares 2,160
    - Defererd cash 1,679
    NCI 5,750
    Total A 14,589

    Less: FV of net assets 10,800

    Goodwill 3,789

    W3 Net assets DOA DOR Difference

    Share capital 5,000 5000 -


    Retained earnings 5,800 7200 1,400
    10,800 12,200 1,400

    W4 Group RE
    P Ltd 12500
    R Ltd (60% of 1400) 840
    Less: Finan costs -101
    13239

    W5 NCI
    Value 5,750
    R Ltd (40% of 1400) 560
    6,310

    W6 Deferred consideration
    Value 1,679
    Add: Finance cost 6% 101
    1,780
    P Group - Consolidated SOFp for the YE 30 June 20X8
    Non current assets
    Prop plant and equip 24,500
    Investments -
    Goodwill 3,789

    Current assets 12,500

    40,789

    Equity
    Sh Cap (6000 + 1200 x $1) 7,200
    Sh Prem (4000 + 1200 x $0.8) 4,960
    Ret earnings 13,239
    NCI 6,310

    Non current liabilities 1,500


    Deferred cosnideration 1,780

    Current liabilities 5,800

    40,789

    ifference

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